December 11, 2020 | International, Aerospace, Naval
San Diego, December 10, 2020 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that Kratos has received an additional $38,691,360 from the U.S. Navy for Lot 2 of its recently-awarded Full Rate Production (FRP) contract for an additional 48 BQM-177A Subsonic Aerial Targets (SSAT) and associated technical data.
Steve Fendley, President of Kratos Unmanned Systems Division, said, “The SSAT is an incredibly high-performance threat representation system consistently providing performance levels previously unachievable. The exercise of the FRP Lot 2 option secures the uninterrupted production of our SSAT system well into the Government's Fiscal Year (GFY) 2023.
Concurrently, we have been part of the Navy's site activation plan and I couldn't be prouder of the part we played in supporting the first flight at the Pacific Missile Range Facility in Kauai, Hawaii last month. Under Captain Molly Boron's leadership, the NAVAIR-Kratos team is already halfway to its goal of achieving Full Operational Capability (FOC) in GFY21.
Even under normal circumstances, achievement of FOC would be very challenging but to be making the progress we have during this pandemic is a testament both to the Navy's leadership and the commitment and perseverance of the Kratos team during these challenging times.”
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology, and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information, please visit www.KratosDefense.com.
Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 29, 2019, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.
Press Contact:
Yolanda White
858-812-7302 Direct
Investor Information:
877-934-4687
investor@kratosdefense.com
View source version on Kratos Defense & Security Solutions, Inc.: https://ir.kratosdefense.com/news-releases/news-release-details/naval-air-systems-command-exercises-option-additional-387
September 12, 2024 | International, C4ISR, Security
New Android malware 'Ajina.Banker' targets bank customers in Central Asia, stealing financial data and intercepting 2FA messages via Telegram channels
September 8, 2020 | International, Aerospace
AFWERX, the catalyst for fostering innovation within the U.S. Air Force, announced Easy Aerial as one of the top 92 participating teams selected from across the globe competing to build the Base of the Future Challenge. The AFWERX Challenge is centered around six topics – Base Security, Installation Resilience, Leveraging Technology for Operational Effectiveness, Reverse Engineering, Culture of Innovation, and Airman and Family Wellbeing. The proposals selected to advance represent innovative solutions ranging from new base security technology and VR training modules to virtual assistants and apps designed for wellness and leadership development. Located in Brooklyn, New York, Easy Aerial is competing in the Leveraging Technology for Operational Effectiveness Challenge alongside a diverse group of teams – originating from the vast regions of North America, Europe, Australia and other allied countries – that represent entrepreneurial startups, small businesses, large enterprises, academic institutions and research labs all vying to build the Base of the Future and modernize the Department of Defense. “The AFWERX Base of the Future Challenge is critical to our mission of increasing collaboration between large businesses and entrepreneurs to accelerate solutions for the Air Force,” stated Mark Rowland of AFWERX. “On behalf of AFWERX and the Department of Defense, we congratulate the teams advancing to the next phase. Their contributions are invaluable and have the potential to create game-changing results across the Air Force enterprise.” The Leveraging Technology for Operational Effectiveness Challenge strives to leverage artificial intelligence, additive manufacturing and machine learning to build an Air Force base that becomes a leader in innovation. With the rebuild of the Tyndall Air Force Base in Florida, the U.S. Air Force has the potential to create an installation that will be a model for Air Force bases of tomorrow by implementing state of the art operational technology, automation, artificial intelligence, digital integration, and cybersecurity to build the newest installation and ensure it becomes a premier innovation hub for industry and government. Designed and manufactured in the United States, Easy Aerial drone-based monitoring and inspection solutions are fully autonomous, all-weather capable, portable, rugged, and specifically designed for military applications. The company has developed an autonomous solution for rapid maintenance inspection of large aircraft. The system features a tethered drone attached to a self-directing base station that moves around an aircraft capturing and securely storing high-resolution images and video from multiple angles. The system dramatically reduces the time needed for current routine and emergency maintenance inspections in large hangars with scaffolding erected around the aircraft. The AFWERX Fusion 2020 Showcase recently featured 370 of the participating teams selected from a record-breaking 1,500+ submissions received for the Base of the Future Challenge. Throughout the event, teams pitched their solutions to a panel of subject matter experts from the relevant sectors of the Air Force. The top 92 selections were identified and invited to further engage with the Air Force during the week of August 31 with the hope of obtaining contracts. The Base of the Future theme was inspired by Tyndall Air Force Base in Florida, which was decimated by Hurricane Michael, a Category 5 storm that occurred in 2018. For decades, Tyndall had been home to many generations of Airmen and their families. In the storm's aftermath, nearly 500 buildings were destroyed or damaged beyond repair. Fortunately, Congress approved a $3 billion military construction rebuild program, sparking hope that Tyndall would re-emerge stronger than ever before. The aspirational initiative seeks to create a robust installation that will become a universal symbol of innovation and excellence that can scale across the U.S. Air Force. To learn more about the Base of the Future Challenges, click here. ABOUT AFWERX Established in 2017, AFWERX is a product of the U.S. Air Force, directly envisioned by former Secretary of the Air Force Heather Wilson. Her vision of AFWERX — to solve some of the toughest challenges that the Air Force faces through innovation and collaboration amongst our nation's top subject matter experts. AFWERX serves as a catalyst to unleash new approaches for the warfighter through a growing ecosystem of innovators. AFWERX and the U.S. Air Force are committed to exploring viable solutions and partnerships to further strengthen the Air Force, which could lead to additional prototyping, R&D, and follow-on production contracts. Source: Press Release Posted in News, Tethered and tagged drones, uav, unmanned aerial vehicles, unmanned aircraft systems on September 7, 2020 by The Editor. https://www.uasvision.com/2020/09/07/easy-aerial-selected-finalist-in-usaf-afwerx-fusion-challenge/
May 23, 2024 | International, Aerospace
The launch is the first of six planned for this year and is part of a broader NRO effort to extend its satellite architecture across multiple orbits.